Indian Oil Axis Bank RuPay Credit card
Joining Fee: ₹500 + GST
Renewal Fee: ₹500 + GST
Reward Type: Reward Points
Welcome Benefits
Fuel Transaction Offer
Earn up to 1,250 EDGE Reward Points when you make your first fuel transaction within 30 days of card issuance.
Reward Points
EDGE Reward Points
Fuel Purchases: 20 EDGE Points per ₹100 spent at Indian Oil Corporation Limited (IOCL) stations, for transactions between ₹400 and ₹4,000.
Online Shopping: 5 EDGE Points per ₹100 spent for transactions between ₹100 and ₹5,000.
Other Transactions: 1 EDGE Point per ₹100 spent, excluding Rent, Wallet, Insurance, Education, Government, Gold, and Utilities.
Reward Redemption
Redeem EDGE Points for shopping/travel vouchers or products from the Axis Bank EDGE Rewards Portal.
Summary
If you're in the market for an entry-level fuel credit card, the IOCL Axis Bank Credit Card is a strong contender, offering a high reward rate of 4% on fuel purchases. Additionally, it provides a 1% accelerated reward rate on online spending, though offline spending (excluding fuel transactions) earns just 0.20%.